$1.24 Earnings Per Share Expected for Allegion plc (NYSE:ALLE) This Quarter

Brokerages expect Allegion plc (NYSE:ALLE) to post earnings of $1.24 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Allegion’s earnings. The lowest EPS estimate is $1.16 and the highest is $1.30. Allegion posted earnings per share of $0.92 during the same quarter last year, which would suggest a positive year over year growth rate of 34.8%. The business is scheduled to announce its next earnings report on Thursday, July 22nd.

According to Zacks, analysts expect that Allegion will report full year earnings of $5.18 per share for the current fiscal year, with EPS estimates ranging from $5.10 to $5.25. For the next fiscal year, analysts expect that the company will report earnings of $5.51 per share, with EPS estimates ranging from $5.10 to $5.74. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Allegion.

Allegion (NYSE:ALLE) last released its earnings results on Wednesday, April 21st. The scientific and technical instruments company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.18. Allegion had a return on equity of 63.36% and a net margin of 15.40%. The firm had revenue of $694.30 million for the quarter, compared to analyst estimates of $649.38 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Allegion from $138.00 to $149.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Barclays upgraded Allegion from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $107.00 to $150.00 in a report on Tuesday, April 6th. Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating and set a $114.00 price target for the company. in a report on Friday, February 19th. Finally, Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating in a report on Tuesday, March 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.14.

NYSE:ALLE traded up $0.52 during mid-day trading on Thursday, hitting $138.61. The company had a trading volume of 15,645 shares, compared to its average volume of 713,074. Allegion has a fifty-two week low of $94.01 and a fifty-two week high of $144.76. The company has a fifty day moving average price of $136.11. The company has a current ratio of 2.07, a quick ratio of 1.50 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 4.70 and a beta of 1.19.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Allegion’s payout ratio is presently 28.18%.

In related news, VP Timothy P. Eckersley sold 3,496 shares of the stock in a transaction dated Friday, May 28th. The stock was sold at an average price of $140.99, for a total transaction of $492,901.04. Following the completion of the transaction, the vice president now directly owns 37,535 shares in the company, valued at $5,292,059.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of ALLE. Boston Partners bought a new position in Allegion in the first quarter valued at approximately $131,548,000. Norges Bank bought a new position in Allegion in the fourth quarter valued at approximately $91,348,000. AKO Capital LLP grew its stake in Allegion by 20.7% in the first quarter. AKO Capital LLP now owns 2,575,783 shares of the scientific and technical instruments company’s stock valued at $323,570,000 after purchasing an additional 441,525 shares in the last quarter. Millennium Management LLC grew its stake in Allegion by 118.0% in the first quarter. Millennium Management LLC now owns 789,744 shares of the scientific and technical instruments company’s stock valued at $99,208,000 after purchasing an additional 427,496 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Allegion by 2,556.1% in the fourth quarter. Lazard Asset Management LLC now owns 346,805 shares of the scientific and technical instruments company’s stock valued at $40,360,000 after purchasing an additional 333,748 shares in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric, and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Earnings History and Estimates for Allegion (NYSE:ALLE)

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